A three million dollar ocean front home jointly owned by Bernard Madoff and his wife, Ruth, is seen... 
(John Dunn/AP Photo)
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Bernard Madoff's Montauk beachfront home on the tip of New York's Long Island sold for $9.41 million, well above the listed price of $8.75 million despite the plunge in real estate prices across the country, which means that more money will go back to the victims of the largest ponzi scheme in history.
"Buyers were extremely enthusiastic about the location of the house and its potential and not at all put off by the fact that it was Bernie Madoff's house," said Pamela Liebman, CEO of Corcoran group real estate.
CLICK HERE FOR A TOUR OF BERNIE AND RUTH'S BEDROOM.
Liebman said she received multiple bids for the home and that the company donated all commissions back to the Madoff victim fund.
The buyers were adamant that their names not be released, she said.
Roland Ubaldo of the Southern District of New York Marshal Service and in charge of auctioning off the convicted conman's homes and boats said he was happy to get so much money for the victims. He said, "That's been our goal from day one -- to give back to the victims as much as possible."
Click here to read an excerpt of Brian Ross' new book - The Madoff Chronicles.
There was great interest in the Madoff home after U.S. Marshals put it on the market and conducted a video tour for news cameras. Corcoran real estate agents said they received multiple offers.
Click here for complete Blotter coverage of Madoff and his Ponzi scheme.
"As soon as you walk into it, there is an understated elegance you don't see from the outside," said Ubaldo as he walked reporters through the 3,000 square foot home last month.
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